Arthur E. Andersen
| Arthur Edward Andersen | |
|---|---|
 |
|
| Born |
May 30, 1885 Plano, Illinois, U.S. |
| Died | January 10, 1947 (aged 61) Winnetka, Illinois, U.S. |
| Nationality | Norwegian American |
| Fields | Accounting |
Arthur E. Andersen (May 30, 1885 – January 10, 1947) was a founder of the accounting firm Arthur Andersen LLP.
Arthur Edward Andersen was born in Plano, Illinois. John William and Mary Aabye Andersen, Arthur Andersen’s parents, had immigrated to the United States from Norway in 1881. Andersen was left on his own at the age of 16 after the death of his parents. In 1917, after attending courses at night while working full-time, he graduated from the Kellogg School at Northwestern University with a bachelor's degree in business.
He worked during the day as a mailboy and attended school at night. Eventually he was hired as the assistant to the controller of Allis-Chalmers in Chicago where he became intrigued with the work of independent public accountants. He became a Certified Public Accountant (CPA) in Illinois in 1908, and was then the youngest CPA in the state. In 1913, with Clarence Delaney, he bought out The Audit Company of Illinois to form Andersen, Delaney & Co., which became Arthur Andersen & Co. in 1918.
While practicing accounting, he was also associated with Northwestern University as lecturer (1909–1912), assistant professor (1912–1915), and professor (1915-1922). He also served as head of the accounting department from 1912 to 1922, when he resigned to devote full-time to his professional accounting practice.
Honorary Doctor of Laws degrees were conferred upon him by Luther College in 1938, and by Northwestern University, Grinnell College and St. Olaf College in 1941. Among other awards, in 1940 he was awarded the Norwegian Knight Commander's Cross of the Royal Order of St. Olav. Arthur E. Andersen also served as Treasurer of the Norwegian-American Historical Association (1936–1942) and was a director of the State Bank & Trust Co. (Evanston, Illinois).
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